62 Richest People on Earth Own the Same Wealth as Half the World's Population

A mere 62 people own the same amount of wealth as the world's poorest 3.6 billion people, according to an Oxfam report published on Monday. This number has fallen dramatically from 388 as recently as 2010 and 80 last year.

The report, An Economy for the 1 Percent, found that the wealth of the poorest half of the world's population has fallen by a trillion dollars since 2010.

"This 41 percent drop has occurred despite the global population increasing by around 400 million people during that period," Oxfam said. "Meanwhile the wealth of the richest 62 has increased by more than half a trillion dollars to $1.76 trillion."

"It is simply unacceptable that the poorest half of the world population owns no more than a small group of the global super-rich—so few, you could fit them all on a single coach," Mark Goldring, Oxfam Great Britain chief executive, said.

The report comes ahead of the World Economic Forum, an annual gathering of financial and political elites in Davos, Switzerland, which will take place Jan. 20 to Jan. 23.

"World leaders' concern about the escalating inequality crisis has so far not translated into concrete action to ensure that those at the bottom get their fair share of economic growth," Goldring said. "In a world where one in nine people go to bed hungry every night we cannot afford to carry on giving the richest an ever bigger slice of the cake.

"It is no longer good enough for the richest to pretend that their wealth benefits the rest of us when the facts show that the recent explosion in the wealth of the super-rich has come at the expense of the poorest.

"Ending extreme poverty requires world leaders to tackle the growing gap between the richest and the rest which has trapped hundreds of millions of people in a life of poverty, hunger and sickness."

The wealth of the richest 62 was calculated using Forbes' billionaires list. The list of 62 includes Bill Gates, Warren Buffett, the Koch brothers and the Walmart heirs.

David and Charles Koch, principle owners of Koch Industries, are tied for sixth place on Forbes' billionaire list with each having an estimated net worth of $42.9 billion. The Koch brothers stand out with the second largest private company by revenue in the U.S.

"Few outside business circles know ... how pervasive their company's industrial influence is on our everyday lives," explained Popular Mechanics.

"The volume of Koch Industries' toxic output is staggering. According to the University of Massachusetts Amherst's Political Economy Research Institute, only three companies rank among the top 30 polluters of America's air, water and climate: ExxonMobil, American Electric Power and Koch Industries.

Thanks in part to its 2005 purchase of paper-mill giant Georgia-Pacific, Koch Industries dumps more pollutants into the nation's waterways than General Electric and International Paper combined. The company ranks 13th in the nation for toxic air pollution. Koch's climate pollution, meanwhile, outpaces oil giants including Valero, Chevron and Shell. Across its businesses, Koch generates 24 million metric tons of greenhouse gases a year."

The world's unregarded forests are at risk. Intact forest is now being destroyed at an annual rate that threatens to cancel out any attempts to contain global warming by controlling greenhouse gas emissions, according to a new study.

As the world's population grows and the planet warms, demand for water will rise but the quality and reliability of the supply is expected to deteriorate, the United Nations said Monday in this year's World Water Development Report.

"We need new solutions in managing water resources so as to meet emerging challenges to water security caused by population growth and climate change," said Audrey Azoulay, director-general of the U.N. Educational, Scientific and Cultural Organization (UNESCO), in a statement. "If we do nothing, some five billion people will be living in areas with poor access to water by 2050."

Despite a court-ordered injunction barring anyone from coming within 5 meters (approximately 16.4 feet) of two of its BC construction sites, opponents of the Kinder Morgan Trans Mountain pipeline expansion sent a clear message Saturday that they would not back down.

Twenty-eight demonstrators were arrested March 17 after blocking the front gate to Kinder Morgan's tank farm in Burnaby, BC for four hours, according to a press release put out by Protect the Inlet, the group leading the protest.

Climate change is a big, ugly, unwieldy problem, and it's getting worse by the day. Emissions are rising. Ice is melting, and virtually no one is taking the carbon crisis as seriously as the issue demands. Countries need to radically overhaul their energy systems in just a few short decades, replacing coal, oil and gas with clean energy. Even if countries overcome the political obstacles necessary to meet that aim, they can expect heat waves, drought and storms unseen in the history of human civilization and enough flooding to submerge Miami Beach.

Trump has loudly declared his intention to withdraw the U.S. from the Paris agreement, but, behind the tweets and the headlines, U.S. officials and scientists have carried on working with international partners to fight climate change, Reuters reported Wednesday.

A Hollywood scriptwriter couldn't make this up. One day after new data revealed widespread toxic water contamination near coal ash disposal sites, U.S. Environmental Protection Agency (EPA) head Scott Pruitt announced a proposal to repeal the very 2015 EPA safeguards that had required this data to be tracked and released in the first place. Clean water is a basic human right that should never be treated as collateral damage on a corporate balance sheet, but that is exactly what is happening.